Stock Statement for Bank Loan

A Stock Statement is a periodical statement declaring details of goods stocked in godown or business premises to accomplish business sales. It must be collected by Bank or Financial Institution as a documentary evidence from its customer who has taken business loan. To keep the business up and running, lending institution should physically verify and record the Stock Statement data in their accounts and make sure both data (Stock Statement data and physically verified stocks) must be tallied within the period of submission.